Priority should be given to perfecting market economic institution: Party chief

General Secretary of the Communist Party of Vietnam Nguyen Phu Trong speaks at the teleconference. (Source: VNA)

Hanoi (VNA) – General Secretary of the Communist Party of Vietnam
Nguyen Phu Trong has stressed the need to prioritise perfecting the
socialist-oriented market economic institution in 2018 following the Resolution
of the 12th tenure Party Central Committee’s fifth plenary meeting.

2018 will be the year deciding the success of the
implementation of five-year socio-economic development targets set by the 12th
National Party Congress, Trong stated at the Government’s teleconference with
localities on December 28.

Therefore, while making, promulgating and implementing
policies and mechanisms, it is necessary to be aware of, respect and make use
of objective rules of the market economy and international practices in order
to ensure socialist orientation conforms with the nation’s development
conditions.

The State plays a role of orienting, building and improving
economic institutions, creating an equal, transparent and healthy competitive
environment, while using its tools, policies and resources to orient and
regulate the economy, boosting business and production, protecting natural
resources and the environment and developing cultural and social fields, Trong
said.

He emphasised the necessity to thoroughly grasp the Party’s
stances and policies on restructuring the economy in line with growth model
reform, and increasing labour productivity and competitiveness of the economy.

It is essential to carry out the Party’s resolutions on
basically and comprehensively reforming education and training, intensify human
resources development and information and technology application, and pay more
attention to improving policies toward those who rendered service to the nation
and implementing sustainable poverty reduction and social welfare ensuring
measures.

The Party chief said that it is a must to protect independence,
sovereignty and territorial integrity, ensure political security, social order
and safety, and effectively implement foreign work and international
integration, better citizen protection work and create favourable conditions
for overseas Vietnamese to contribute to the nation building cause.

He asked for the continued building of Party and political
system, stricter implementation of thrift practice and anti-wastefulness and stricter
solution to corruption cases.-VNA